How to calculate Gratuity Amount?
2 Replies
samyuktha
(service)
(42 Points)
Replied 18 June 2009
You will get the calculation of gratuity amount at https://www.payit.in/forums/viewtopic.php?f=6&t=16&p=33#p33
p ramachandran
(manager accounts)
(22 Points)
Replied 22 June 2009
| Originally posted by :saleemoddin | ||
| " | How to calculate Gratuity Amount? | " |
calculation of gratuity can be made by the formula as: LAST DRAWN SALARY X NO.OF YEARS SERVED X 15 / 26
Here the number of years served should be treated whole year if he crosses six months For example if a worker completes 7 years 7 months means the no. of years shall be 8 years ; if he is 7 years 5 months then it shallbe 7 years.
Here the elegibility of gratuity is he/she should have completed 5 years - here if he/she served for 4 years and 8months, he is not elegible for gratuity - he should have strictly completed 5 years.
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